Qorvo Income Statement
QRVO / Information Technology|13 years of annual SEC 10-K data (FY2012-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 13 fiscal years. All figures from audited SEC 10-K filings.
Revenue has grown at a 11.9% compound annual rate over the past 12 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score NaN (distress zone, below 1.23 threshold)
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $3.7B | $3.8B | $3.6B | $4.6B | $4.0B | $3.2B | $3.1B | $3.0B | $3.0B | $2.6B | $1.7B | $964.1M |
| Cost of Revenue | - | $2.2B | $2.3B | $2.3B | $2.4B | $2.1B | $1.9B | $1.9B | $1.8B | $1.9B | $1.6B | $1.0B | $658.3M |
| Gross Profit | - | $1.5B | $1.5B | $1.3B | $2.3B | $1.9B | $1.3B | $1.2B | $1.1B | $231.0M | $1.0B | $689.3M | $305.8M |
| SG&A Expense | - | $171.7M | $389.1M | $358.8M | $349.7M | $367.2M | $343.6M | $476.1M | $527.8M | $113.6M | $534.1M | $249.9M | $64.2M |
| R&D Expense | - | $747.7M | $682.2M | $649.8M | $623.6M | $570.4M | $484.4M | $450.5M | $445.1M | $448.8M | $448.8M | $257.5M | $178.8M |
| Operating Income | - | $95.5M | $91.7M | $183.2M | $1.2B | $906.6M | $423.2M | $216.5M | $70.3M | $12.0M | $12.0M | $122.5M | -$15.7M |
| Interest Expense | - | $78.3M | $69.2M | $68.5M | $63.3M | $75.2M | $60.4M | $44.0M | $59.5M | $6.7M | $23.3M | $1.4M | $6.5M |
| Income Tax | - | $10.3M | $143.9M | $21.5M | $147.7M | $73.8M | $60.8M | -$41.3M | $57.4M | $26.0M | $26.0M | -$75.1M | $27.1M |
| Net Income | - | $55.6M | -$70.3M | $103.2M | $1.0B | $733.6M | $334.3M | $133.1M | -$40.3M | -$11.1M | -$28.8M | $196.3M | -$53.0M |
| EPS (Basic) | $1.01 | $9.38 | $6.43 | $2.86 | $1.07 | -$0.32 | $2.86 | -$0.20 | -$0.32 | $0.18 | -$0.76 | $2.17 | -$0.76 |
| EPS (Diluted) | $1.00 | $9.26 | $6.32 | $2.80 | $1.05 | -$0.32 | $2.80 | -$0.20 | -$0.32 | $0.18 | -$0.76 | $2.11 | -$0.76 |
| Shares Outstanding | 106.3M | 112.6M | 114.6M | 119.1M | 126.3M | 126.5M | 119.3M | 149.1M | 126.9M | 70.0M | 71.2M | 93.2M | 69.7M |
| Gross Margin | - | 41.3% | 39.5% | 36.3% | 49.2% | 46.9% | 40.8% | 38.7% | 38.6% | 7.6% | 40.2% | 40.3% | 31.7% |
| Operating Margin | - | 2.6% | 2.4% | 5.1% | 26.4% | 22.6% | 13.1% | 7.0% | 2.4% | 0.4% | 0.5% | 7.2% | -1.6% |
| Profit Margin | - | 1.5% | -1.9% | 2.9% | 22.2% | 18.3% | 10.3% | 4.3% | -1.4% | -0.4% | -1.1% | 11.5% | -5.5% |